In Wednesday's South Asia papers

04 November 2009 05:00  [Source: ICIS news]

THE TIMES OF INDIA

Front page

National Defence College on Lashkar target: FBI
David Coleman Headley and Tahawwur Hussain Rana, arrested last month by the FBI, were part of a LeT plan of a major attack on the facilities of a Danish newspaper and the National Defence College in Delhi.

12 injured as Bangalore-bound train derails in Maharashtra
At least 12 passengers sustained minor injuries when 11 coaches of the Gandhidham-Bengaluru Express derailed near Dombivili in Thane early on Wednesday.

Business

Gold may ease from record highs
India's gold futures may ease in early Wednesday trade on profit-taking after hitting record highs in the previous session, analysts said.

Rs500cr loan for AI to pay dues
The Air India pilots' strike planned for 24 November may not take place as the airline has managed to procure a loan of Rs500 crore as working capital, which will go towards payment of delayed allowance and incentives to its employees.

THE ECONOMIC TIMES

Front page

FMCG, pharma seen 'safe' as mkt turns weak
Investors have turned to the safety of defensive sectors, as market sentiment has become weak.

TCS, Wipro eye $400m Target outsourcing deal
Tech firms are pursuing Target's technology centre for acquisition, a transaction bundled with an outsourcing deal worth $300-400m.

THE BANGLADESH TODAY

Front page

PM seeks more cooperation of DFID for development
Prime Minister Sheikh Hasina on Tuesday told a British delegation comprising lawmakers that her present government is deeply committed to making the Jatiya Sangsad centre of all public-welfare activities.

Amended RPO passed hastily to destroy BNP: Delwar
Opposition BNP on Tuesday blasted the ruling party and the Prime Minister for spitting out hatred at its leaders during general discussion on a contempt motion in parliament on Monday against the bomb attack on Barrister Fazle Noor Taposh MP.

Business

Khulna Shipyard becomes profitable by building brand-new ships
Khulna shipyard regained its lost glory as the potential venture turned into a successful profitable business concern through building brand-new ships of international standards besides repairing old ones.

Most SOEs making profit: Dilip
Industries Minister Dilip Barua on Tuesday denied categorically the notion that State Owned Enterprises (SOEs) mean mismanagement and losing concerns saying almost all the SOEs under the Ministry of Industries have started making profit after the present government assumed power as it has adopted pragmatic policy.

DAILY MIRROR

Front page

Australia suspends search for Lankan asylum seekers
Australia called off an air and sea search for survivors on Wednesday after a boat carrying unidentified Sri Lankans sank in remote seas far off its northwest, killing 12.

Singaporean faces US trial over LTTE arms case
A Singaporean opposition party member will be extradited to the United States and tried for allegedly trying to supply arms to the LTTE.

Business

Economic crisis eroding real wages: ILO
Global growth in real wages slowed dramatically in 2008 as a result of the economic crisis and is expected to drop even further this year despite signs of a possible economic recovery, the International Labour Organization (ILO) said yesterday.

Aero Sense to start operation in January
Aircraft component manufacturer Aero Sense (Pvt) Ltd is making plans to invest approximately $1m in Sri Lanka by setting up a manufacturing plant in the island.

DAWN

Front page

President’s powers to be cut: Gilani
In a move to wrest political initiative after a retreat on the controversial National Reconciliation Ordinance (NRO) he finally said had been dumped, Prime Minister Yousuf Raza Gilani told the National Assembly on Tuesday his government would seek early restoration of parliament’s powers, tackle people’s pressing problems and launch an austerity drive.

Sararogha secured; 21 militants killed
Security forces achieved a major success in their operation in South Waziristan on Tuesday by taking control of Sararogha, the operational nerve centre of Tehrik-i-Taliban Pakistan (TTP).

Business

Cotton output may touch record 17m bales
A record flow of phutti from fields into ginneries gives rise to hopes of harvesting a bumper cotton crop but it would be too early to reach any conclusion, cotton analysts said.

WB raises E Asia GDP forecast on China strength
The developing economies of East Asia and the Pacific will grow by 6.7% this year and 7.8% in 2010, reflecting China's strong expansion, but other countries in Asia face much weaker growth, the World Bank said.

BUSINESS RECORDER

Front page

Malik presents evidences of Indian involvement in SWA, Balochistan
Interior Minister Rehman Malik on Tuesday presented evidences of Indian involvement in Waziristan and Balochistan to the Parliamentary committee on National Security, Aaj News reported.

Gas plan, sugar policy may be approved
The Cabinet, which is scheduled to meet on Wednesday, will approve the gas load management plan 2009-10, a long-term sugar policy, paddy procurement plan, and may embark upon some austerity measures urgently required to keep the deficit within sustainable levels as per International Monetary Fund (IMF) programme, official sources told Business Recorder.

Business

Former US envoy calls on vice chairman PBIT
Robin Raphel, Former US Assistant Secretary of State for South Asia and Coordinator of Economic Development Assistance at the US Embassy, Islamabad, called on Vice Chairman Punjab Board of Investment and Trade (PBIT) Pir Saad Ahsanuddin to discuss the matters in relation to the uplift of investment and trade in Punjab.

Boosting economy, trade: Pakistan and Indonesia to sign PTA next year
Pakistan and Indonesia would sign Preferential Trade Agreement (PTA) early next year to boost economic activities and exploit trade potential between the two countries.

By: Staff Reporter
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